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207 Cards in this Set

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  • Back
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The highest form of an estate would be?
Fee simple
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A tenant is living without permission on the property after the lease expires. What type of estate would the tenant most likely hold?
Estate at sufferance
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A legal action by a court to review and distribute an estate is called?
Probate
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following tenancy would allow survivorship?
Joint Tenanacy
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A property is held in joint tenancy and one of the parties dies testate, which of the following is true?
Goes to the joint tenant survivor
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
J&R own property and R dies. R's children try but can't obtain the title from J. What type of title did J&R hold?
Joint Tenancy
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
How would two buyers take title if they were not related?
Tenancy in common
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What type of lease would the renter pay all expenses?
Net.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A husband and wife own property as tenants in common. If one dies the property would pass to the?
Estate of the deceased
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following would have an interest in real estate but not an estate?
Easement
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A lease where the lesse will pay a fixed rent plus a portion of gross sales is called?
Percentage
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When a lease is asigned the following is not true?
An assignment can be done without the lessor's approval
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When a lease is inherited the estate is known as?
Leasehold
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
If at the end of a lease the tenant is allowed to remain for an indefinite length of time, this is best described as?
Estate at will
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When a business is owned by one person, itwould be called?
In Severalty
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What is the advantage of a sale with a leaseback?
The seller free up cash for other uses.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A leases to B. A will pay all cost of operation plus repairs. This is called What?
Gross.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What is the name of a third party that will receive a life interest in a property upon dealth of a life tenant?
Remainderman.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
How can a corporation hold title?
Tenant in common.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
An owner of a lake front property has 50 acres and divides it into lots. Owner keeps lots closetst to the lake. How is an easement to the lake preferred by lot buyers?
Easement Appurtenant.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Two sisters want to buy a property and leave it to their heirs.They should take title?
As Tenants in common.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following is an example of freehold estate?
Fee simple estate.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
The right of ingress and egress is best associated with?
Appurtenant.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A remainderman receives the property after a?
Life Estate.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following leases escaletes?
Index.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A holdover tenant would have?
an estate at sufferance.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
An easement given to a person would most likely be
In Gross
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A survivorship interest is created in which of the following?
Tenancy by entirety.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
An estate at Will would be for?
Indefinite duration.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A Remainderman would most likely be concerned with?
Property waste.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A gives a life estate to B for the life of C. B dies who has the estate?
B' heirs
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A clause in the lease that would allow adjustments of payments either up or down would be called ?
An Escalatot
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When the sale of a leaseback occurs?
The buyer is the landlord
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
If a party is granted a property upon the condition that a certain use will continue in the future, this would be called?
Defeasible fee
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When a party has an interest in a property which of the following would not be considered Fee Simple Absolute Interest?
Lessee with long term lease
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following would have a percentage lease?
Art Gallery
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A sole owner of property dies with no will, the property would transfer?
Intestate succession
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A, B and C ownproperty as tenants in common. A wants to take legal action to divide property, this action is called?
Partition action
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
An irrevocable personal right to use a property would be called an Easement?
In Gross
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What is the difference between fee simple and non-freehold?
Fee Simple is freely inheritable, while non- freehold is a lease.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What would be the advantage to the Lessee in a net lease?
Lessee could deduct property taxes on his income taxes.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
M&T form a corporation to purchase a parcel of real estate. How would title be held?
In Severalty
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What type of lease would help maintain the financial position of the lessor and lessee?
Index lease
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
If an utility company wanted an easement on a parcel of land but the landowner did not want his property encumbered, what would the owner give the utility company?
License
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A gives to B for the life of C. This type of estate is called?
Pur autre vie
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When the grantor retains a future interest this is called?
Reversion
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
C holds a life estate for his life and also purchases the interest of a vested remainderman What interest would C hold now?
Fee Simple Estate
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
J was given the right to use W's land but W could revoke this right at any time. This is an example of?
License
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
What type of an estate would a tenant have?
Leasehold
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following would be the holding of title received for the common area of a condo?
Tenancy in common
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A sells a commercial apartment building to B. The present leases are?
Remain valid
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A party who holds possession of realty after expiration of a lease holds it as a
Tenant at Sufferance
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A,B,and C own property as joint tenants. C dies and then B sells his interest in the property to D. The property is now owned by?
A and D as tenants in common each with 1/2 interest.
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A,B and C hold unequal interest in a piece of land; they own it
Tenancy in common
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

A right away over parcel A to parcel B identifies parcel B as the?
Dominant Estate
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

When a sale lease-back takes place the advantage for the lessee is that he can?
Deduct the rent as an expense
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

A lease for an indefinate period of time. This is called?
Estate at will
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

In a sale lease-back, what is correct?
Title does not move
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

Best explanation of an easement would be
The right to use anothers property
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

In order to aquire an easement by prescription you need?
Open,hostile,continous use
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

The dominant tenant tenant is identified as the parcel that
Uses the easement
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

A lease is unaffectedby all of the following Except
Destruction
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

A son wants to give his mother the right to use his property. the son wants the property back when his mother dies. What kind of estate must he create?
Reversion Estate
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

When a lease is entered into it is between the
Lessee an lessor
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

A lease and a life estate have which of the following words in common?
Reversion
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

When a property is rented for only one month, this is called tenancy?
for years
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

When a grantor gives a future interest to a named grantee, it is called?
Vested remainder
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

Of the unities required for joint tenancy, Which one is necessary for tenancy in common
Possession
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

If you own land and have the right to impose restrictions on that land your ownership is?
Fee Simple
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

In a lease,the lessor?
Demise his interest
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

When property is sublet, the new lessee is referred to as
Tenant
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

An easement in gross is considered?
Personal Right
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

All of the following are freehold estates except
Leasehold
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit

The degree,quantity,quality or interest one has in real estate is called a
Estate
A-2 Estate and Tenanacies.

Q&A
National Portion Exam Edit
When a lessee signs a net lease, the taxes, insurance and maintenance are paid by?
Lessee
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following is not true regarding a sale lease back transaction
Lessee retains legal title
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A graduated lease would mean that?
Rents increase as tenants are procured
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A fee simple determinable estate is created on a property for a specific school. When the school closes which of the following is true?
Title reverts back to the original grantor
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A summer camp uses property as weekend retreat, the owner does not create an encumbrance but Instead gives the camp a?
License
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
When the owner of the dominant tenement becomes the owner of the servient the easement is terminated through?
Purchase and sale
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A seller sells a five acre parcel of land in the center of a 100 acre subdivision. The buyer of the five acres would need?
Easement appurtenant
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
An easement appurtenant is an example of?
Property necessity
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
Which of the following would be an example of a license?
Approval to hunt
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A person gives a house to a non-family member for the life of another non-family, this is called?
Pur autre vie
A-2 Estate and Tenanacies.

Q&A
National Portion Exam
A-2 A sublease
A-2 Makes the original lessee a lessor
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A homestead exemption will protect against the following?
A-2 Judgments
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 In a lease situation,A leases to B and B leases to C. Who is responsible for the rent?
A-2 B to A
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Jones deeded a parcel of property to billings for the life of James?
A-2 Billings holds a life estate; Jones an estate in reversion
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A broker is discussing listing a home. An unexpected judgment of $15000 has been placed against the property and has not been paid. The broker listed and sold the home for $141,000 cash. The home had an existing trust deed on the property at the time of sale for $126,600. How much would be applied to the judgement in this situation?
A-2 nothing
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following is not compatible with joint tenancy?
A-2 Probate
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 An estate in real property which automatically terminates and reverts to grantor is called?
A-2 Fee Simple determinable
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following would not automatically terminate a lease?
A-2 Death of the lessor
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the items below is an interest in real property but not an estate?
A-2 Mortgage
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following is not a characteristic of a fee simple estate?
A-2 Definate duration
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 In which of the following leases would the lessor not pay the fixed charges such as maintenance, insurance, and perhaps taxes?
A-2 Net lease
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Tenancy in common is
A-2 Ownership
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A freehold estate which is inheritable, freely transferable, and is the highest estate and the most extensive interest in real property may be referred to as a?
A-2 Fee simple absolute
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A homestead exemption
A-2 protects the claimamt against personal judgements up to the amount of this exemption
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 The word tenancy describes
A-2 A mode of holding
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following is illegal in Arizona?
A-2 Fee Tail
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 When the rent paid by the lessee per their lease agreement is the less than the economic rent, this is called
A-2 Positive leasehold
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A corporation is not permitted to take title to real property as?
A-2 Community property or Joint tenancy
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2
An interest in and possession of any real property is called?
A-2 An Estate
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A lease in which the lessor receives a fixed rent and assumes responsibility for all other cost on the property is called a/an
A-2 gross lease
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Bill Jones and Jo, his daughter bought a parcel of land for cash. No other information is available. How did they take title?
A-2 Tenancy in common
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following would be an example of "Chattel real"
A-2 Leasehold estate
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A right of way over parcel A to Parcel B identifies parcel B as the
A-2 Dominant state
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Jones held a life estate. Jones deeded his property to Smith. Jones dies. Who has title?
A-2 Remainderman
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Jones sells his property to smith but Jones stays on the land. Jones holds
A-2 an estate at sufferance
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which type of tenancy requires only the unity of possession.
A-2 Tenancy in common
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 An Easement that conveys along with the title to a dominant estate is known as
A-2 Appurtenant easement
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 The person who receives a life estate is identified as a
A-2 Life tenant
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 An easement created by open continuous and exclusive
use for 10 years is called
A-2 an easement by prescription
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which one of the following is not considered a "less-than-freehold estate?
A-2 Life estate
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Under the Arizona Law,to lawfully terminate a month to month lease,how many days notice must the tenant give the landlord?
A-2 30 days
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following would be the holder of a " less-than-free-hold estate
A-2 Lessee
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 From the lessee's perspective the lease document would be considered
A-2 Personal property
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A lease a cabin for the three months of June, July and August is callled a/an
A-2 Estate for years
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A party has the right to place a sign on your property. He has an easement
A-2 In Gross
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following is most commonly accepted estate of inheritance
A-2 Fee Simple
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 The dominant tenement is the property
A-2 In whose favor the burden is created
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A Third party named to receive the life estate upon the death of the original grantee of the life interest is known as the
A-2 Vested remainderman
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 The grantor of an interest in real property may upon violations of conditions in deed by the grantee, regain his interest. This is know as the possibility of?
A-2 Reverter
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 A conveyance of title "upon the condition that the land cannot be used for the sale of intoxicating beverages or liquors" Which does not automatically terminate creates?
A-2 A conditional estate
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Which of the following would not qualify for a homestead exemption?
A-2 Family who owns a house in the name of a corporation
A-2 Estate and Tenanacies.

Self Study and Quiz

National Portion Exam
A-2 Appurtenance
Something which passes with the transfer of property but is not necessarily an actual part of it like an easements, rights-of-way, water rights and property improvements which includes all of the rights, privileges unless a contrary intention was stated.
A-2 Chatteal Real
An intangible personal property right which is attached to or annexed to real estate of which a lease on real property is an excellent example.
A-2 Community Property
In eight western states, the property acquired by husband and/or wife during a marriage when not acquired with the intent of being the separate property of either spouse and where each spouse has equal rights similar to property owned by a partnership of management, alienation and testamentary disposition.
A-2 Co-tenants
Ownership of an interest in a particular parcel of land by more than one person such as with tenancy in common or joint tenancy
A-2 Curtesy
The right a husband has in his wife's real estate as of her death.
A-2 Defeasible
A fee simple absolute interest in land that is capable of being defeated or ended or terminated upon the happening of a specified event. Also known as Qualified fee
A-2 Detrminable
An estate which is subject to end on the happening of an event that might or might not occur.
A-2 Demise
The transfer of interest or conveyance of an estate primarily by lease.
A-2 Determinate duration
An estate which is subject to end on the happening of an event that might or might not occur.
A-2 Dower
The legal rights a widow possesses in her deceased husband's real estate.
A-2 Easement appurtenant
An easement which is annexed to the ownership of one parcel of land that allows one party the use of his or her neighbor's land and which runs with the land when is the title is transferred to another party.
A-2 Dominant tenement
----Dominant
The reason for which the benefit of an easement exists or is the land which has the right to the use of a right-of-way over other land. Easement----
A right, privilege or interest limited to a specific use or control purpose which one party has in the land of another party and which run with the land and are not a personal right of an individual.
A-2 Easement in gross
A personal easement which does not run with the land and therefore is not transferred through the conveyance of the title.
A-2 Easement by necessity
An easement granted by a court to give the right of ingress and egress over a grantor's land as being necessary to permit the full enjoyment of a parcel of real estate.
A-2 Easement by prescription
An easement acquired by open, notorious, hostile and continuous use of a property for the period of time as prescribed by law.
A-2 Servient tenement
The property that is subject to or burdened by an easement that benefits another property which is called the dominant tenement.
A-2 Egress
A way out, an outlet or an exit. See Ingress
A-2 Estate
In real estate, the degree, quantity, nature and duration of interest, share, right, equity of which riches or fortune may consist and which a person holds in real property
A-2 Estate at sufferance
An estate arising when the tenant wrongfully holds over after the expiration of the term. The landlord has the choice of evicting the tenant as a trespasser or accepting the tenant for a similar term and under the conditions of the tenant's previous holding. Also known as a Tenancy at sufferance.
A-2 Estate of life
Of Inheritance---- See Life estate. Life estate
An possessory freehold estate or interest in real property being held for the duration of the life of a named person who could be the person holding estate or of the life of another.
A-2 Estate for life
See Life estate
A-2 Estate of inheritance
All freehold estates are estates of inheritance and can descend to heirs except for life estates. See Estate in fee or Fee simple estate.
A-2 Estate of years
A leasehold interest in land by virtue of a lease contract for its possession for a definite, specified and limited period of time which may be for one year or less. Notice to terminate is not required.
A-2 Estate at will
The occupation of lands and tenements by a tenant for an indefinite or unspecified period terminable by one or both parties. Also known as a Tenancy at will.
A-2 estate in remainder
A future interest given by the grantor to a third person to take effect upon the termination of a life estate.
A-2 Estate in reversion
The remnant of a life estate left in the grantor where possession will begin when a lesser estate granted by him or her to another ends.
A-2 Estate of inheritance
All freehold estates are estates of inheritance and can descend to heirs except for life estates. See Estate in fee or Fee simple estate
A-2 Eviction
The act of dispossessing or depriving a person of the possession of land as a result of the judgment of a court. See Actual eviction and Constructive eviction.
A-2 Actual Eviction
The removal of a tenant by a legal process.
A-2 Construtive eviction
A breach of a covenant of warranty or quiet enjoyment such as the inability of a lessee to obtain possession because of a major defect in title or a condition making occupancy hazardous or unfit for its intended use.
A-2 Fee
1. The term fee is of Old English derivation and means an estate of inheritance in real property. See Fee simple and Fee simple estate. 2. A compensation for a particular act.
A-2 Fee simple
In modern estates, the terms "fee" and "fee simple" mean substantially the same thing
A-2 Fee tail
A freehold estate of inheritance limited so as to descend to a particular class of heirs of the person to whom it is granted.
A-2 Freehold estate
An estate such as a fee simple or life estate of a duration that runs forever and its end cannot be determined
A-2 Holdover tenatant
A tenant remaining in possession of leased property after the leased term has expired.
A-2 Homestead
1. A dwelling with its land and buildings. 2. A statutory protection granted to owners which protects them from being able to lose their title by the occupation of real property by others
A-2 Declaritive of abandonment
A document recorded to terminate a homestead
A-2 Ingress
A place or means of going in or an entrance. See Egress---- Egress
A way out, an outlet or an exit. See Ingress
A-2 Joint tenancy
An equal undivided ownership interest of a property by two or more natural persons each of whom has the right, called the right of survivorship, upon the death of one joint tenant to the automatic succession of the title of the deceased tenant.
A-2 Landlord
Also known as "lessor". The owner of a property who allows other persons to occupy a property in exchange for periodic payments of rent.
A-2 Lease
A written agreement to rent a property or part of a property from the owner. Sets out premises rented ("demised premises"), amount to be paid, payment period, and other rights and obligations of the landlord and tenant.
A-2 Lease sale & leaseback
A financial arrangement where at the time of sale, the seller gets cash and retains occupancy by concurrently agreeing to lease the property back from the buyer and becomes the lessee. The buyer gets a fixed return on his or her investment plus gets a known tenant and becomes the lessor.
A-2 Sandwich lease
A leasehold interest that exists when subleasing property that is between the primary lease and the operating lease when the holder of a sublease in turn sublets to another, his or her position is that of being sandwiched between the original lessee and the second sub-lessee
A-2 Sublease
To execute a lease by a lessee to a third party that conveys his or her estate to a "sub" estate for part or all of the lessee's remaining term.
A-2 Leasehold
See Leasehold estate. A less-than-freehold estate or personal property interest that a tenant has in property which is obtained through the lease.
A-2 Lessee
The party commonly referred to as the tenant who has the right to possession and use of real estate for a limited time under a lease agreement.
A-2 Less than Freehold Estate
An estate commonly called a leasehold that exists for a definite period of time or for successive periods of time until terminated.
A-2 Lessor
An owner or landlord who entered into a lease agreement and granted a tenant possession and use.
A-2 License
An possessory freehold estate or interest in real property being held for the duration of the life of a named person who could be the person holding estate or of the life of another.
A-2 Life estate
An possessory freehold estate or interest in real property being held for the duration of the life of a named person who could be the person holding estate or of the life of another.
A-2 Life tenant
A person who is in possession of a life estate
A-2 Merger
1. In contract law, the doctrine that says preliminary agreements are presumed to be included in the final agreement. 2. In real estate law, the doctrine that a lesser interest is absorbed by a greater estate when both are owned by the same person like when a tenant buys the fee simple, the leasehold is absorbed into the fee and he is then the owner and is no longer a tenant.
A-2 Partition
A legal proceeding which divides real or personal property among various co-owners to separate their joint ownership.
A-2 Partnership
A formal voluntary business arrangement in which two or more parties unite to share in the profits and risks of a continuing business venture and which by law is considered to be a group of individuals and not a single entity. See Limited partnership.
A-2 Party Wall-common
A wall erected on or at the boundary line between two adjoining parcels and which can also be a perimeter wall of two adjoining houses which gives support to both under a recorded agreement and used or intended to be used for the common benefit of both owners in the construction or maintenance of the improvements on their respective lots
A-2 Perpetuity
An existence without any time limits which would theoretically be forever
A-2 Probate
A word originally meaning merely relating to the proofs of wills but now it is a general name or term used to include all matters over which probate courts have jurisdiction which in many states are the estates of deceased persons and of persons under guardianship as well as trusts and trustees.
A-2 Remainderman
The party entitled to receive the estate upon the expiration of a life estate.
A-2 Rent
The price one party pays for the use of land or real property to its owner as a return on his or her investment.





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A-2 Reversionary
A-2
A-2 Right of survivorship
The right, which is the distinguishing feature of joint tenancy, of a surviving tenant or tenants to become owner of the entire interest of a deceased tenant.
A-2 Right of way
A privilege operating as an easement upon land which an owner does by grant or by agreement give to another the right to pass over a specific part of the owner's land, to construct a roadway or use as a roadway, to construct through and over the land, to install telephone or electric power lines or to place underground water mains, gas mains or sewer mains.
A-2 Servient estate
The property that is subject to or burdened by an easement that benefits another property which is called the dominant tenement.
A-2 Separate property
The property owned by a husband or wife in his or her own right outside of the community interest including property acquired by the spouse (a) before marriage, (b) by gift or inheritance, (c) from rents and profits on separate property or (d) with the proceeds from other separate property.
A-2 Severalty ownership
See Sole ownership A property owned by only one party or person. Also known as Severalty ownership.
A-2 Spouse
A person's husband or wife
A-2 Subletting
The leasing of a premise by a lessee to a third party for part or all of the lessee's remaining term. See Assignment
A-2 surrender
The process of voluntary cancellation of a lease by the mutual consent of lessor and lessee
A-2 Survivorship
See Joint tenancy, An equal undivided ownership interest of a property by two or more natural persons each of whom has the right, called the right of survivorship, upon the death of one joint tenant to the automatic succession of the title of the deceased tenant.
A-2 Tenancy
An interest in real property giving the right to its possession and use
A-2 Tenancy at will
A possession of premises by permission of an owner or landlord and having no fixed term.
A-2 Tenancy at sufferance
A wrongful holding of premises by a tenant after his or her lease has terminated.
A-2 Tenancy by the entirety
The ownership of property under certain state laws that is acquired by a husband and wife during marriage is jointly and equally owned and upon the depth of one spouse it becomes the property of the survivor which is not used in community property states.
A-2 In common
The co-ownership of property by two or more persons whose interests need not be equal and who each hold an undivided interest in the entire property and without the right of survivorship.
A-2 Tenant
The party who has legal temporary possession and use of real property belonging to another.
A-2 Undivided interest
A fractional ownership without a physical division into shares.
A-2 Unities title
The particular characteristic of an estate held by several in joint tenancy and which contains the four unities of time, title, interest and possession giving all joint tenants one and the same interest, by commencing at the same time, through the same conveyance and being held by each through an undivided possession of the whole property.
A-2 Tenancy by the entirety
The ownership of property under certain state laws that is acquired by a husband and wife during marriage is jointly and equally owned and upon the depth of one spouse it becomes the property of the survivor which is not used in community property states.
A-2 In common
The co-ownership of property by two or more persons whose interests need not be equal and who each hold an undivided interest in the entire property and without the right of survivorship.
A-2 Tenant
The party who has legal temporary possession and use of real property belonging to another.
A-2 Undivided interest
A fractional ownership without a physical division into shares.
A-2 Unities title
The particular characteristic of an estate held by several in joint tenancy and which contains the four unities of time, title, interest and possession giving all joint tenants one and the same interest, by commencing at the same time, through the same conveyance and being held by each through an undivided possession of the whole property.